Book Description

Contains the introduction of the sliding scale principle for regulation of monopoly services (extensively used since then) which was envisaged in the report on the price of gas in London, published in 1875 (see IUP volume Gas 4). The reports presented in 1895 and 1899 show that electricity was beginning to compete successfully with gas; the gas companies found their profits were beginning to fall and a new era in the history of the gas industry had begun. -- Publisher's catalogue.